Investment Rating - The investment rating for the company is "Buy" (maintained) [1][4][11] Core Views - The company is expected to see significant growth driven by new and existing games, as well as the TapTap platform, with a projected revenue of at least 3.05 billion yuan for H1 2025, representing a year-on-year increase of approximately 37% [4][8] - Net profit is anticipated to be no less than 790 million yuan, reflecting a year-on-year growth of around 215%, exceeding previous expectations [4][8] - The performance boost is attributed to successful self-developed games and improvements in the TapTap platform's advertising algorithms and user engagement [4][5] Financial Summary and Valuation Metrics - Revenue projections for 2025 are set at 6.466 billion yuan, with a year-on-year growth of 29% [7] - Net profit for 2025 is estimated at 1.71 billion yuan, showing a year-on-year increase of 110.7% [7] - The company’s gross margin is expected to improve to 71% in 2025, while the net margin is projected at 26.4% [7] - Earnings per share (EPS) for 2025 is forecasted at 3.5 yuan, with a price-to-earnings (P/E) ratio of 15.0 times [7]

格隆汇8月5日｜在心动公司发盈喜大涨超24%的刺激下，港股市场手游股集体走强。其中，IGG涨近 10%，创梦天地、中手游涨超6%，飞鱼科技涨4%，中旭未来、智傲控股涨超3%，网龙、哔哩哔哩、游 莱互动涨超2%。 | 代码 | 名称 | | 涨跌幅 √ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | --- | | 02400 | 心动公司 | (0) | 24.41% | 70.600 | 348.26亿 | | 00799 | IGG | | 9.79% | 4.600 | 53.23 7, | | 01119 | 创梦天地 | | 6.14% | 1.210 | 21.38亿 | | 00302 | 中手游 | | 6.00% | 0.530 | 15.88亿 | | 01022 | 飞鱼科技 | | 4.05% | 0.385 | 6.74亿 | | 09890 | 中旭未来 | | 3.99% | 14.060 | 74.83亿 | | 08282 | 智傲控股 | | 3.23% | 0.640 | 2432万 | | 00777 | 网龙 | | 2.5 ...

Core Viewpoint - The A-share market shows a certain degree of differentiation, with the Shanghai Composite Index performing relatively strong, breaking through the 3600-point mark again, while the ChiNext Index shows weaker performance [2][4]. Market Performance - As of the midday close, the Shanghai Composite Index rose by 0.53% to 3602.13 points, the Shenzhen Component Index increased by 0.14% to 11056.69 points, while the ChiNext Index fell by 0.26% to 2328.36 points [4][5]. - The PEEK materials concept saw significant gains, with stocks like Huami New Materials rising over 20%, and Xinhang New Materials hitting a 20% limit up [2][6]. Sector Performance - In terms of sector performance, industries such as comprehensive, steel, real estate, banking, and agriculture showed notable gains, while sectors like computer, pharmaceutical, and communication experienced declines [5]. Notable Stocks - Huami New Materials saw a rise of 20.23%, with a market cap of 3.998 billion [7]. - Xinhang New Materials reached a limit up, with a market cap of 6.497 billion [7]. - Nanjing Julong increased by 13.63%, with a market cap of 4.116 billion [7]. - Zhongxin Fluorine Materials also hit a limit up [6]. Convertible Bonds - Dongjie Intelligent and its corresponding convertible bond, Dongjie Convertible Bond, both experienced a continuous 20% limit up for three consecutive trading days [9][11]. Overseas Orders - Dongjie Intelligent announced it received an overseas order worth 37.09 million Malaysian Ringgit, approximately 62.5 million RMB, which is expected to positively impact its business performance [12]. Hong Kong Market - In the Hong Kong market, Xindong Company saw a significant rise of over 26% [13][14]. - Xindong Company projected a revenue of no less than 3.05 billion RMB for the first half of the year, a year-on-year increase of approximately 37%, and a net profit of no less than 790 million RMB, a year-on-year increase of about 215% [16].

Group 1 - Xindong Company (02400) reported a positive earnings forecast, expecting revenue of at least RMB 3.05 billion for the first half of 2025, a year-on-year increase of approximately 37%, and a net profit of at least RMB 790 million, a year-on-year increase of about 215% [1] - Yimai Sunshine (02522) also announced a positive earnings forecast, expecting revenue between RMB 450 million to 480 million for the first half of the year, a year-on-year increase of approximately 8.77% to 16.03%, and a net profit of RMB 14.5 million to 16.5 million, a year-on-year increase of about 1350% to 1550% [1] - Tianli International Holdings (01773) plans to repurchase shares up to a total of HKD 200 million based on market conditions, believing that the share buyback plan is in the best interest of the company and its shareholders [2] Group 2 - Liaogang Co., Ltd. (02880) reported a total operating revenue of RMB 5.693 billion for the first half of 2025, a year-on-year increase of 5.93%, and a net profit attributable to shareholders of RMB 956 million, a year-on-year increase of 110.78% [2] - Yuan Zheng Technology (02488) reported a revenue of RMB 982 million for the first half of 2025, a year-on-year increase of 9.75%, and a net profit of RMB 195 million, a year-on-year increase of 27.74% [2] - Geekplus Technology (02590) expects revenue between RMB 995 million to 1.03 billion for the first half of the year, a year-on-year increase of 27% to 32%, while the net loss is expected to narrow significantly [3] Group 3 - Lee & Man Paper Manufacturing (02314) and other leading companies in the paper industry have initiated a price increase for various products starting August 1, indicating a significant acceleration in price adjustment frequency within the industry [3] - Xinda Biopharmaceutical (01801) announced that its innovative oral small molecule GLP-1R agonist IBI3032 has received IND approval from the FDA [4] - Heyu-B (02256) reported a revenue of RMB 612 million for the first half of the year, a year-on-year increase of 23.1%, and a net profit of RMB 328 million, a year-on-year increase of 58.84% [4] Group 4 - Bilibili (BILI.US) is expected to achieve a revenue growth of 20% year-on-year to RMB 7.3 billion in the second quarter, driven by stable performance in mobile games [5][6] - Li Auto (LI.US) launched the Li Xiang i8, with deliveries starting on August 20, and received positive outlooks from multiple institutions [6] - Xpeng Motors (XPEV.US) achieved a new monthly delivery record in July, delivering 36,717 smart electric vehicles, a year-on-year increase of 229% [7]

Core Viewpoint - Xindong Company (02400) announced a positive earnings forecast, expecting significant revenue and profit growth for the first half of 2025, driven by strong performance from self-developed games [1] Financial Performance - The company anticipates revenue of no less than RMB 30.5 billion for the first half of 2025, representing a year-on-year increase of approximately 37% [1] - Expected net profit is projected to be no less than RMB 7.9 billion, reflecting a year-on-year increase of about 215% [1] Game Performance - The revenue growth is primarily attributed to the strong performance of self-developed games such as "Ragnarok M: Beginning," "Xindong Town," and "Torchlight: Infinite" [1] - Despite stable year-on-year average monthly active users, TapTap has seen continuous growth in revenue and profit due to improvements in advertising algorithms and increased user engagement [1] Market Reaction - Following the earnings forecast, Xindong Company's stock opened over 8% higher, with a current increase of 8.55%, trading at HKD 61.6 [1] - The trading volume reached HKD 628.443 million [1] Future Outlook - CICC noted that the company's earnings forecast exceeds both their and market expectations [1] - The company has solid profit margins from its games, with upcoming releases to watch, including "Iser" on September 25, "Xindong Town" overseas, and the core product "RO2" beta test in 2026 [1]

Group 1 - The company experienced a significant stock price increase of over 20%, reaching HKD 68.15, marking the highest level since July 2021, with a trading volume of nearly HKD 5 billion [1] - The company announced an earnings upgrade, projecting revenue of no less than HKD 3.05 billion for the first half of 2025, representing a year-on-year growth of approximately 37%, and a net profit of no less than HKD 790 million, reflecting a year-on-year increase of about 215% [1][3] Group 2 - The board attributed the expected increase in performance to several factors: strong performance of self-developed games such as "Ragnarok M: Classic," "Heartopia," and "Torchlight: Infinite," which drove revenue growth and improved gross margins [3] - Despite stable year-on-year average monthly active users, the company recorded continuous growth in revenue and profit for TapTap, driven by improvements in advertising algorithms and increased user engagement [3] - The positive impacts were partially offset by revenue declines from certain existing games and increased performance-based compensation [3]

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Xindong Company, which rose by 20.7% to 68.5 HKD per share, with a trading volume of 663 million HKD [1] - Xindong Company focuses on the research and innovation of games, aiming to create engaging and innovative gaming experiences through technology and art [1] - The company also emphasizes entertainment services, prioritizing user needs to build an equitable and pure gaming community along with a high-quality comprehensive entertainment experience [1] Group 2 - As of the 2024 annual report, Xindong Company reported total revenue of 5.012 billion RMB and a net profit of 812 million RMB [2] - A forecast for the mid-2025 report indicates an expected profit increase to approximately 789.4 million RMB, representing a year-on-year growth of 215% [3]

本文源自：金融界AI电报 心动公司(2400.HK)盘初大涨超20%，报68.15港元，股价创2021年7月以来新高，截至目前成交额放大至 近5亿港元。消息面上，公司昨晚发盈喜，预计2025年上半年收入不少于30.5亿元，同比增长约37%； 预计净利润不少于7.9亿元，同比增加约215%。 董事会认为上述预期增加主要是由于以下原因所致：(i) 自研游戏《仙境传说M：初心服》(Ragnarok M: Classic)、《心动小镇》(Heartopia)及《火炬之光：无 限》(Torchlight：Infinite)表现强劲，推动公司的收入增长，进而改善毛利率；(ii)尽管APP平均月活跃用 户同比维持大致稳定，但受广告算法的改进及用户参与度提升所带动，TapTap于收入及利润方面均录得 持续增长；但(iii)部分被(a)若干现有游戏的收入减少及(b)绩效挂钩薪酬增加造成的影响所抵销。 ...

心动有限公司是一家主要致力于研发与创新游戏的公司，旨在通过科技和艺术打造有趣且富有创新性的 游戏。同时，公司也专注于娱乐服务，关注用户需求，致力于打造平等、纯粹的游戏社区与优质的综合 娱乐体验。 作者：行情君 8月4日，预计2025年中报业绩预增，溢利约7.9亿人民币至7.894亿人民币，同比增长215%。 8月5日，心动公司(02400)盘中上涨11.1%，截至09:30，报63.05元/股，成交7141.61万元。 本文源自：金融界 截至2024年年报，心动公司营业总收入50.12亿元、净利润8.12亿元。 ...

（文章来源：每日经济新闻） 每经AI快讯，8月5日，截至发稿，心动公司(02400.HK)涨8.55%、中旭未来(09890.HK)涨1.04%、哔哩哔 哩-W(09626.HK)涨0.74%。 ...